German recycling and waste management group Interseroh has closed the year 2010 above budget and recorded the second-best result in its 20-year history. While the company's turnover increased by 53 per cent from €1.3bn in 2009 to €1.94bn in 2010, pre-tax earnings (EBT) improved from €3.8m to €45.7m, the company announced in Cologne on Tuesday. Management board chairman Axel Schweitzer reported that all of the company's three divisions had developed in a very positive manner in 2010. Against the background of rising demand for ferrous and non-ferrous scrap, high-quality secondary raw materials and recovered paper, Interseroh benefited in particular from its large network of operating and trading sites in Germany and abroad, according to Mr Schweitzer.
Interseroh achieves second-best result in company history
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